Akora Resources Ltd ROIC
What is the ROIC of Akora Resources Ltd?
The ROIC of Akora Resources Ltd is -13.78%
What is the definition of ROIC?
Return on invested capital (ROIC) is a financial ratio that measures how efficient a company is at allocating the capital under its control to profitable investments.
= NOPAT / Invested capital = EBIT * (1 - tax rate) / (2-year average liabilities + 2-year average shareholder equity)
Return on invested capital (ROIC) ratio gives investors a sense of how well a company is using money under its control to generate profitable returns.
ROIC can be used as a benchmark to calculate the valuation of companies across industries. A higher ROIC means the company is doing a better job of investing the money from shareholders and bondholders to run the business. A company is creating value if its ROIC exceeds 2%. If its ROIC is under 2%, the company is likely destroying value and has no excess capital to invest in future growth.
You can calculate ROIC with the following formula:
NOPAT = Net operating profit after tax
Invested Capital = Average total liabilities + Average shareholders' equity
The averages of liabilities and shareholders' equity are calculated as geometrical averages of the last two annual values from the company's balance sheet.
ROIC of companies in the Materials sector on ASX compared to Akora Resources Ltd
What does Akora Resources Ltd do?
Akora Resources Limited engages in the exploration and development of iron ore projects in Madagascar. Its flagship project is the Bekisopa property that consists of three granted research permits and one granted small scale mining permit covering 93.5 square kilometers located in south central Madagascar. The company was formerly known as Indian Pacific Resources Limited. Akora Resources Limited was incorporated in 2009 and is based in Carlton North, Australia.
Companies with roic similar to Akora Resources Ltd
- Jaeger Resources has ROIC of -13.86%
- Eastern Platinum has ROIC of -13.86%
- aap Implantate AG has ROIC of -13.84%
- nLIGHT Inc has ROIC of -13.83%
- Tofutti Brands has ROIC of -13.83%
- Lemonade has ROIC of -13.83%
- Akora Resources Ltd has ROIC of -13.78%
- Norwegian Cruise Line has ROIC of -13.77%
- Tilray has ROIC of -13.74%
- ImmunoPrecise Antibodies has ROIC of -13.74%
- ImmunoPrecise Antibodies has ROIC of -13.74%
- GB Global has ROIC of -13.73%
- American Resources has ROIC of -13.70%